The Baltic Dry Index (BDI) has reached its highest point since September 2019, approaching 2,500 points amid strong rates achieved by sub-capesize bulker assets.
The BDI hit 2,472 points on Tuesday in a week-long rally pushed primarily by rising spot rates for panamaxes and supramaxes.
"I'm watching the dry bulk market in awe, especially for the smaller sizes," said John Kartsonas, founder and managing partner of asset-management advisory Breakwave Advisors.
